BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among crypto names that had exposure to Silicon Valley Bank.
Renzi said that BlockFi had sold a portion of its crypto assets earlier in November to fund its bankruptcy. Those sales raised $238.6 million in cash, and BlockFi now has $256.5 million in cash on ...
After filing for bankruptcy in November, BlockFi kept $227 million in unprotected funds via a money market mutual fund, the U.S. Trustee wrote in a court filing on March 10. Funds in a money ...
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley ...
“BlockFi is fine,” Christine Okike of Kirkland & Ellis said on behalf of the company in a bankruptcy hearing Monday. “We have access to cash to operate in the normal course, including paying ...
BlockFi Inc. said Monday it won’t be hurt by the collapse of Silicon Valley Bank and has plenty of cash to cover expenses in bankruptcy, addressing concerns over the cryptocurrency lender’s ...
On Friday, March 3rd, the bankruptcy court ordered Silvergate bank to immediately release nearly $9.9 million to the cryptocurrency lender BlockFi. Both companies have sustained heavy damage in ...
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in ...
An order may be sought from the Bermuda Supreme Court over a plan by troubled crypto lender, BlockFi, to pay creditor money back and exit Chapter 11 bankruptcy protection, The Coin Republic has ...
BlockFi still has cash access in spite of its significant holdings at collapsed California lender Silicon Valley Bank (SVB), a federal bankruptcy court in New Jersey was told Monday. In a Friday ...
On this special episode of our weekly podcast, On The Merits, we hear what it’s like to be an attorney managing the downfall ...
